A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

published:07 Aug 2013

views:406662

June 1 -- Patrick McCurdy, head of capital introduction at Wells FargoPrime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “MarketMakers.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

published:22 Sep 2017

views:7211

June 24 -- Troy Gayeski, partner and senior portfolio manager at SkyBridge Capital, discuss the changing nature of hedge fund strategies. He speaks on “BloombergSurveillance.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

published:24 Jun 2015

views:8106

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.facebook.com/profile.php?id=100015013749124
https://www.facebook.com/seanironstag?fref=ufi&rc=p&pnref=story
http://aurynfunds.com/
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any. Reach out via email: Tone@protonmail.ch
Credits:
SpecialThanks to @BoobsNBitcoin https://twitter.com/boobsnbitcoins for help with some of the research, @PirateBeachBum https://twitter.com/piratebeachbum for help with the graphics and @coryhughes2010 https://twitter.com/coryhughes2010 with the interview video editing.

published:29 Oct 2017

views:14093

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

published:16 Feb 2015

views:2430

They're called "vulture funds" and they make a killing off of places like Puerto Rico — sometimes literally.
SUBSCRIBE: http://bit.ly/BNF-YouTube
SIGN UP for email updates: http://bravenewfilms.org/signup
Set up a free screening or house party for any of our films free: http://www.bravenewfilms.org/screenings
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DONATE: http://bit.ly/BNF-donate
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ABOUT BRAVE NEW FILMS
Robert Greenwald and Brave New Films are at the forefront of the fight to create a just America. Using new media and internet video campaigns, Brave New Films has created a quick-strike capability that informs the public, challenges corporate media with the truth, and motivates people to take action on social issues nationwide. Brave New Films’ investigative films have scrutinized the impact of U.S. drone strikes; the prosecution if whistleblowers; and Wal Mart’s corporate practices.

The name "hedge fund" originated from the paired long and short positions that the first of these funds used to hedge market risk. Over time, the types and nature of the hedging concepts expanded, as did the different types of investment vehicles. Today, hedge funds engage in a diverse range of markets and strategies and employ a wide variety of financial instruments and risk management techniques.

Top

A top is a toy designed to be spun rapidly on the ground, the motion of which causes it to remain precisely balanced on its tip because of inertia. Such toys have existed since antiquity. Traditionally tops were constructed of wood, sometimes with an iron tip, and would be set in motion by aid of a string or rope coiled around its axis which, when pulled quickly, caused a rapid unwinding that would set the top in motion. Today they are often built of plastic, and modern materials and manufacturing processes allow tops to be constructed with such precise balance that they can be set in motion by a simple twist of the fingers and twirl of the wrist without need for string or rope.

Characteristics

The motion of a top is produced in the most simple forms by twirling the stem using the fingers. More sophisticated tops are spun by holding the axis firmly while pulling a string or twisting a stick or pushing an auger. In the kinds with an auger, an internal weight rotates, producing an overall circular motion. Some tops can be thrown, while firmly grasping a string that had been tightly wound around the stem, and the centrifugal force generated by the unwinding motion of the string will set them spinning upon touching ground.

Wall Street

Wall Street is a 0.7-mile-long (1.1km) street running eight blocks, roughly northwest to southeast, from Broadway to South Street on the East River in the Financial District of Lower Manhattan, New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests.

History

Early years

There are varying accounts about how the Dutch-named "de Waal Straat" got its name. A generally accepted version is that the name of the street was derived from an earthen wall on the northern boundary of the New Amsterdam settlement, perhaps to protect against English colonial encroachment or incursions by Native Americans. A conflicting explanation is that Wall Street was named after Walloons— the Dutch name for a Walloon is Waal. Among the first settlers that embarked on the ship "Nieu Nederlandt" in 1624 were 30 Walloon families. The Dutch word "wal" can be translated as "rampart". However, even some English maps show the name as Waal Straat, and not as Wal Straat.

Ray Dalio

Ray Dalio (born August 8, 1949) is an American businessman and founder of the investment firm Bridgewater Associates.

In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List. According to Forbes, he was the 30th richest person in America and the 69th richest person in the world with a net worth of $15.2 billion as of October 2014.

Early life

Dalio was born in Jackson Heights, Queens, New York, United States. The son of a jazz musician, Dalio began investing at age 12. At this young age he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company.

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

5:30

How Much Money Does a Hedge Fund Startup Need?

How Much Money Does a Hedge Fund Startup Need?

How Much Money Does a Hedge Fund Startup Need?

June 1 -- Patrick McCurdy, head of capital introduction at Wells FargoPrime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “MarketMakers.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

CNN: Inside a hedge fund

The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

5:00

How Hedge Fund Strategies Are Adapting for the Future

How Hedge Fund Strategies Are Adapting for the Future

How Hedge Fund Strategies Are Adapting for the Future

June 24 -- Troy Gayeski, partner and senior portfolio manager at SkyBridge Capital, discuss the changing nature of hedge fund strategies. He speaks on “BloombergSurveillance.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

1:20:52

CryptoScam #9 - Crypto Hedge Funds

CryptoScam #9 - Crypto Hedge Funds

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.facebook.com/profile.php?id=100015013749124
https://www.facebook.com/seanironstag?fref=ufi&rc=p&pnref=story
http://aurynfunds.com/
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any. Reach out via email: Tone@protonmail.ch
Credits:
SpecialThanks to @BoobsNBitcoin https://twitter.com/boobsnbitcoins for help with some of the research, @PirateBeachBum https://twitter.com/piratebeachbum for help with the graphics and @coryhughes2010 https://twitter.com/coryhughes2010 with the interview video editing.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

They're called "vulture funds" and they make a killing off of places like Puerto Rico — sometimes literally.
SUBSCRIBE: http://bit.ly/BNF-YouTube
SIGN UP for email updates: http://bravenewfilms.org/signup
Set up a free screening or house party for any of our films free: http://www.bravenewfilms.org/screenings
Facebook: http://www.Facebook.com/BraveNewFilms
Instagram: http://www.Instagram.com/BraveNewFilms
Twitter: http://www.twitter.com/BraveNewFilms
DONATE: http://bit.ly/BNF-donate
WATCH OUR FULL FILMS FREE + NEW VIDEOS EVERY WEEK: http://bit.ly/BNF-YouTube
ABOUT BRAVE NEW FILMS
Robert Greenwald and Brave New Films are at the forefront of the fight to create a just America. Using new media and internet video campaigns, Brave New Films has created a quick-strike capability that informs the public, challenges corporate media with the truth, and motivates people to take action on social issues nationwide. Brave New Films’ investigative films have scrutinized the impact of U.S. drone strikes; the prosecution if whistleblowers; and Wal Mart’s corporate practices.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
MatthiasKnab meets Jack Schwager who unveils his fourth Market Wizards book: "Hedge Fund Market Wizards" with fascinating insights into 15 hedge fund traders who consistently outperform the markets -- all in their own words! While they all approach their field in radically different ways, each of them has brought new and unique insights and developed distinct strategies that have allowed them to repeatedly outperform the markets.
The book features:
* "MacroMen": Colm O'Shea, Ray Dalio, Larry Benedict, Scott Ramsey, Jaffray Woodriff
* Multistrategy Players: Edward Thorp, Jamie Mai, Michael Platt
* EquityTraders: Steve Clark, Martin Taylor, Tom Claugus, Joe Vidich, Kevin Daly, Jimmy Balodimas, Joel Greenblatt
* 40 essential lessons to be learned from the market luminaries
This Opalesque.TV BACKSTAGE interview further highlights:
* The difference between Schwager's four Market Wizards books
* Markets have changed, but the typology of successful traders not
* The genius of Michael Platt (Bluecrest) and Ed Thorp
* Three of the 40 MarketWizardLessons - For Traders: 1. Find your own style 2. Be flexible 3. For Investors: Volatility and risk are not synonymous
* Ray Dalio's Bridgewater: How to consistently achieve outsized, uncorrelated returns
* Jimmy Balodimas: The most unconventional of the successful traders
* Joel Greenblatt: Why value investing still works
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co--portfolio manager for the ADMInvestor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.
For more details on the Hedge Fund Market Wizards book see the publisher's press release here: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-release_text.html

Setting up a simple long-short hedge (assuming the companies have similar beta or correlation with market). Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-fund-strategies-long-short-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-funds-venture-capital-and-private-equity?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: Hedge funds have absolutely nothing to do with shrubbery. Their name comes from the fact that early hedge funds (and some current ones) tried to "hedge" their exposure to the market (so they could, in theory, do well in an "up" or "down" market as long as they were good at picking the good companies). Today, hedge funds represent a huge class investment funds. They are far less regulated than, say, mutual funds. In exchange for this, they aren't allowed to market or take investments from "unsophisticated" investors. Some use their flexibility to mitigate risk, other use it to amplify it.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

22:38

Hedge to Hedge: Keith Talks to Lucerne Capital

Hedge to Hedge: Keith Talks to Lucerne Capital

Hedge to Hedge: Keith Talks to Lucerne Capital

Hedge to Hedge, a new series on HedgeyeTV where CEOKeith McCullough interviews a top hedge fund manager, debuts with Pieter Taselaar, founder of European long/short equity fund LucerneCapital.

7:02

Wall Street Veteran, Jennifer Fan - 30 Under 30 | Forbes

Wall Street Veteran, Jennifer Fan - 30 Under 30 | Forbes

Wall Street Veteran, Jennifer Fan - 30 Under 30 | Forbes

Jennifer Fan started working in finance when she was still a teenager, a decade later she is trading commodities for her own $650 million hedge fund.
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
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Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

2:21

Top 10 Highest Earning Hedge Fund Managers

Top 10 Highest Earning Hedge Fund Managers

Top 10 Highest Earning Hedge Fund Managers

Ranking of hedge fund managers by earnings. Sign up at http://besthedgefund.blogspot.com for free hedge fund book.

Guy De Chimay, a hedge fund manager at Chimay CapitalManagement with $200 million dollars, stars in the show Wall Street warrior on what it is like to be a hedge fund manager.
Listen to what Wall Street tells you and doesn't tell you. ;)
Listen closely and see if you can detect a big lie that Guy De Chimay tells and note it below. Hint- It's a game based on "2/20."

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of inves...

published: 07 Aug 2013

How Much Money Does a Hedge Fund Startup Need?

June 1 -- Patrick McCurdy, head of capital introduction at Wells FargoPrime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “MarketMakers.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

published: 22 Sep 2017

How Hedge Fund Strategies Are Adapting for the Future

June 24 -- Troy Gayeski, partner and senior portfolio manager at SkyBridge Capital, discuss the changing nature of hedge fund strategies. He speaks on “BloombergSurveillance.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

published: 24 Jun 2015

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.faceboo...

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, ma...

They're called "vulture funds" and they make a killing off of places like Puerto Rico — sometimes literally.
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Robert Greenwald and Brave New Films are at the forefront of the fight to create a just America. Using new media and internet video campaigns, Brave New Films has created a quick-strike capability that ...

Setting up a simple long-short hedge (assuming the companies have similar beta or correlation with market). Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-fund-strategies-long-short-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-funds-venture-capital-and-private-equity?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: Hedge funds have absolutely nothing to do with shrubbery. Their name comes from the fact that early hedge funds (and some c...

published: 11 May 2011

Hedge to Hedge: Keith Talks to Lucerne Capital

Hedge to Hedge, a new series on HedgeyeTV where CEOKeith McCullough interviews a top hedge fund manager, debuts with Pieter Taselaar, founder of European long/short equity fund LucerneCapital.

published: 21 Nov 2013

Wall Street Veteran, Jennifer Fan - 30 Under 30 | Forbes

Jennifer Fan started working in finance when she was still a teenager, a decade later she is trading commodities for her own $650 million hedge fund.
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
StayConnected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbesvideo
Forbes Video on Instagram: http://instagram.com/forbesvideo
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

published: 17 Dec 2012

Top 10 Highest Earning Hedge Fund Managers

Ranking of hedge fund managers by earnings. Sign up at http://besthedgefund.blogspot.com for free hedge fund book.

Guy De Chimay, a hedge fund manager at Chimay CapitalManagement with $200 million dollars, stars in the show Wall Street warrior on what it is like to be a hedge fund manager.
Listen to what Wall Street tells you and doesn't tell you. ;)
Listen closely and see if you can detect a big lie that Guy De Chimay tells and note it below. Hint- It's a game based on "2/20."

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital apprec...

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

How Much Money Does a Hedge Fund Startup Need?

June 1 -- Patrick McCurdy, head of capital introduction at Wells FargoPrime Services, explains how small hedge funds go about raising capital and how much mone...

June 1 -- Patrick McCurdy, head of capital introduction at Wells FargoPrime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “MarketMakers.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

June 1 -- Patrick McCurdy, head of capital introduction at Wells FargoPrime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “MarketMakers.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

June 24 -- Troy Gayeski, partner and senior portfolio manager at SkyBridge Capital, discuss the changing nature of hedge fund strategies. He speaks on “BloombergSurveillance.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

June 24 -- Troy Gayeski, partner and senior portfolio manager at SkyBridge Capital, discuss the changing nature of hedge fund strategies. He speaks on “BloombergSurveillance.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified...

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.facebook.com/profile.php?id=100015013749124
https://www.facebook.com/seanironstag?fref=ufi&rc=p&pnref=story
http://aurynfunds.com/
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any. Reach out via email: Tone@protonmail.ch
Credits:
SpecialThanks to @BoobsNBitcoin https://twitter.com/boobsnbitcoins for help with some of the research, @PirateBeachBum https://twitter.com/piratebeachbum for help with the graphics and @coryhughes2010 https://twitter.com/coryhughes2010 with the interview video editing.

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.facebook.com/profile.php?id=100015013749124
https://www.facebook.com/seanironstag?fref=ufi&rc=p&pnref=story
http://aurynfunds.com/
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any. Reach out via email: Tone@protonmail.ch
Credits:
SpecialThanks to @BoobsNBitcoin https://twitter.com/boobsnbitcoins for help with some of the research, @PirateBeachBum https://twitter.com/piratebeachbum for help with the graphics and @coryhughes2010 https://twitter.com/coryhughes2010 with the interview video editing.

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RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge...

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

They're called "vulture funds" and they make a killing off of places like Puerto Rico — sometimes literally.
SUBSCRIBE: http://bit.ly/BNF-YouTube
SIGN UP for ...

They're called "vulture funds" and they make a killing off of places like Puerto Rico — sometimes literally.
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Robert Greenwald and Brave New Films are at the forefront of the fight to create a just America. Using new media and internet video campaigns, Brave New Films has created a quick-strike capability that informs the public, challenges corporate media with the truth, and motivates people to take action on social issues nationwide. Brave New Films’ investigative films have scrutinized the impact of U.S. drone strikes; the prosecution if whistleblowers; and Wal Mart’s corporate practices.

They're called "vulture funds" and they make a killing off of places like Puerto Rico — sometimes literally.
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ABOUT BRAVE NEW FILMS
Robert Greenwald and Brave New Films are at the forefront of the fight to create a just America. Using new media and internet video campaigns, Brave New Films has created a quick-strike capability that informs the public, challenges corporate media with the truth, and motivates people to take action on social issues nationwide. Brave New Films’ investigative films have scrutinized the impact of U.S. drone strikes; the prosecution if whistleblowers; and Wal Mart’s corporate practices.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
MatthiasKnab meets Jack Schwager who unveils his fourth Market Wizards book: "Hedge Fund Market Wizards" with fascinating insights into 15 hedge fund traders who consistently outperform the markets -- all in their own words! While they all approach their field in radically different ways, each of them has brought new and unique insights and developed distinct strategies that have allowed them to repeatedly outperform the markets.
The book features:
* "MacroMen": Colm O'Shea, Ray Dalio, Larry Benedict, Scott Ramsey, Jaffray Woodriff
* Multistrategy Players: Edward Thorp, Jamie Mai, Michael Platt
* EquityTraders: Steve Clark, Martin Taylor, Tom Claugus, Joe Vidich, Kevin Daly, Jimmy Balodimas, Joel Greenblatt
* 40 essential lessons to be learned from the market luminaries
This Opalesque.TV BACKSTAGE interview further highlights:
* The difference between Schwager's four Market Wizards books
* Markets have changed, but the typology of successful traders not
* The genius of Michael Platt (Bluecrest) and Ed Thorp
* Three of the 40 MarketWizardLessons - For Traders: 1. Find your own style 2. Be flexible 3. For Investors: Volatility and risk are not synonymous
* Ray Dalio's Bridgewater: How to consistently achieve outsized, uncorrelated returns
* Jimmy Balodimas: The most unconventional of the successful traders
* Joel Greenblatt: Why value investing still works
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co--portfolio manager for the ADMInvestor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.
For more details on the Hedge Fund Market Wizards book see the publisher's press release here: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-release_text.html

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
MatthiasKnab meets Jack Schwager who unveils his fourth Market Wizards book: "Hedge Fund Market Wizards" with fascinating insights into 15 hedge fund traders who consistently outperform the markets -- all in their own words! While they all approach their field in radically different ways, each of them has brought new and unique insights and developed distinct strategies that have allowed them to repeatedly outperform the markets.
The book features:
* "MacroMen": Colm O'Shea, Ray Dalio, Larry Benedict, Scott Ramsey, Jaffray Woodriff
* Multistrategy Players: Edward Thorp, Jamie Mai, Michael Platt
* EquityTraders: Steve Clark, Martin Taylor, Tom Claugus, Joe Vidich, Kevin Daly, Jimmy Balodimas, Joel Greenblatt
* 40 essential lessons to be learned from the market luminaries
This Opalesque.TV BACKSTAGE interview further highlights:
* The difference between Schwager's four Market Wizards books
* Markets have changed, but the typology of successful traders not
* The genius of Michael Platt (Bluecrest) and Ed Thorp
* Three of the 40 MarketWizardLessons - For Traders: 1. Find your own style 2. Be flexible 3. For Investors: Volatility and risk are not synonymous
* Ray Dalio's Bridgewater: How to consistently achieve outsized, uncorrelated returns
* Jimmy Balodimas: The most unconventional of the successful traders
* Joel Greenblatt: Why value investing still works
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co--portfolio manager for the ADMInvestor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.
For more details on the Hedge Fund Market Wizards book see the publisher's press release here: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-release_text.html

Setting up a simple long-short hedge (assuming the companies have similar beta or correlation with market). Created by Sal Khan.
Watch the next lesson:
https:...

Setting up a simple long-short hedge (assuming the companies have similar beta or correlation with market). Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-fund-strategies-long-short-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-funds-venture-capital-and-private-equity?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: Hedge funds have absolutely nothing to do with shrubbery. Their name comes from the fact that early hedge funds (and some current ones) tried to "hedge" their exposure to the market (so they could, in theory, do well in an "up" or "down" market as long as they were good at picking the good companies). Today, hedge funds represent a huge class investment funds. They are far less regulated than, say, mutual funds. In exchange for this, they aren't allowed to market or take investments from "unsophisticated" investors. Some use their flexibility to mitigate risk, other use it to amplify it.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

Setting up a simple long-short hedge (assuming the companies have similar beta or correlation with market). Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-fund-strategies-long-short-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-funds-venture-capital-and-private-equity?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: Hedge funds have absolutely nothing to do with shrubbery. Their name comes from the fact that early hedge funds (and some current ones) tried to "hedge" their exposure to the market (so they could, in theory, do well in an "up" or "down" market as long as they were good at picking the good companies). Today, hedge funds represent a huge class investment funds. They are far less regulated than, say, mutual funds. In exchange for this, they aren't allowed to market or take investments from "unsophisticated" investors. Some use their flexibility to mitigate risk, other use it to amplify it.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

Wall Street Veteran, Jennifer Fan - 30 Under 30 | Forbes

Jennifer Fan started working in finance when she was still a teenager, a decade later she is trading commodities for her own $650 million hedge fund.
Subscribe...

Jennifer Fan started working in finance when she was still a teenager, a decade later she is trading commodities for her own $650 million hedge fund.
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Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Jennifer Fan started working in finance when she was still a teenager, a decade later she is trading commodities for her own $650 million hedge fund.
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Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Guy De Chimay, a hedge fund manager at Chimay CapitalManagement with $200 million dollars, stars in the show Wall Street warrior on what it is like to be a hedge fund manager.
Listen to what Wall Street tells you and doesn't tell you. ;)
Listen closely and see if you can detect a big lie that Guy De Chimay tells and note it below. Hint- It's a game based on "2/20."

Guy De Chimay, a hedge fund manager at Chimay CapitalManagement with $200 million dollars, stars in the show Wall Street warrior on what it is like to be a hedge fund manager.
Listen to what Wall Street tells you and doesn't tell you. ;)
Listen closely and see if you can detect a big lie that Guy De Chimay tells and note it below. Hint- It's a game based on "2/20."

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of inves...

published: 07 Aug 2013

To Catch A Trader

S.A.C. Capital Advisors, L.P., (often written as "SAC" but with each letter pronounced separately) was, as of mid-2013, a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 people in 2010 across its offices located in Stamford, Connecticut, New York City and various international satellite offices but has reportedly lost many of its traders in the wake of various investigations by the SEC. In 2010, the SEC opened an insider trading investigation of SAC and in 2013 several former employees were indicted by the U.S.Department of Justice. In November 2013, the firm itself pled guilty to insider trading charges and paid $1.2 billion in penalties, although no formal charges have been filed against Mr. Cohen himself. As of early 2014, the firm has shrun...

published: 30 Mar 2014

The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, ma...

published: 16 Feb 2015

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.faceboo...

published: 29 Oct 2017

Hedge to Hedge: Keith Talks to Lucerne Capital

Hedge to Hedge, a new series on HedgeyeTV where CEOKeith McCullough interviews a top hedge fund manager, debuts with Pieter Taselaar, founder of European long/short equity fund LucerneCapital.

published: 21 Nov 2013

How to Make More Money Than God: Investment Insights, Hedge Funds and Finance (2010)

Billionaire Daniel Loeb: Hedge Funds and Investment Approach

A speech and Q&A with billionaire hedge fund (Third Point) founder, Daniel S. Loeb. In this speech Daniel talks about his early interests i business and investing before moving on to questions from the audience. The question mostly relate to finance and range from inflation to philosophy of investing. 📚 Daniel Loeb’s favourite books are located at the bottom of the description❗
Like if you enjoyed
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VideoSegments:
0:00 Introduction
1:13 Start of Daniel Loeb
2:06 Obsessed with stories
5:07 Approach to investing/ running a business
12:58 Early interest in investing/ Starting Third Point
17:41 Financial crash
24:26 Turning point of the crash
28:35 Start of Q&A
28:43 Is the current market rally...

Carried interest or carry, in finance, specifically in alternative investments (i.e., private equity and hedge funds), is a share of the profits of an investment or investment fund that is paid to the investment manager in excess of the amount that the manager contributes to the partnership.
In private equity, in order to receive carried interest, the manager must first return all capital contributed by the investors, and, in certain cases, the fund must also return a previously agreed-upon rate of return (the "hurdle rate" or "preferred return") to investors.[1] Private equity funds only distribute carried interest to the manager upon successfully exiting an investment, which may take years. The customary hurdle rate in private equity is 7--8% per annum.
In a hedge fund environment, carri...

published: 01 Jun 2013

Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital .
Full Documentary, Documentary,documentary films,documentary history channel,documentary 2014,documentary history,documentary on serial killers, .
welcome like and subscribe to my channel for more vidéo ! A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests .

published: 28 Oct 2015

The Evolution of Hedge Funds and the Future of Asset Management

With almost $3 trillion in assets -- and the freedom to invest opportunistically worldwide -- hedge funds have become one of the most important market-moving forces of the last few decades. This panel brings together leading founders of hedge funds and asset managers for a conversation about the evolution of the industry. Some of the questions that will be addressed: With more hedge funds than ever before, how can a manager generate meaningful returns? Are fee structures likely to change significantly with increasing pressure from institutional clients? In this highly personality-driven business, how does the role of a founder change as a fund grows -- and can a fund succeed the person who created it?
ModeratorIlana D. Weinstein, Founder and CEO, The IDWGroupLLC
Speakers
Cliff Asness,...

published: 03 May 2016

Why Anthony Scaramucci Got Fired From Goldman Sachs | Forbes

Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, talks to Steve Forbes about his vision for hedge funds, the increasing power of activist investors, and why he got fired from Goldman Sachs.
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Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

published: 24 Oct 2014

Chronic difficulty and failure raising assets: Why 89% of all hedge funds never get over $100m

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
Bryan Johnson has worked for 27 years in the alternative investment business, first as a portfolio manager for two family offices, then as founder of a family office consultancy where he worked with about 63 families investing $3 billion in private equity and hedge funds .
Since 2010 he helped over 300 smaller fund managers with the holistic challenge of formulating and implementing appropriate marketing processes. With 9 out of 10 managers failing to grow over a $100m assets, smaller managers face an existential marketing challenge. The average asset size of funds liquidated in 4Q14 was $76m one year prior to closing.
Johnson believes that the primary reason why most managers do not get over the hundred million hurdle is not ...

The investment banking industry has come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-like or oligopolic behavior, taking both sides in transactions, and more. About the book: https://www.amazon.com/gp/product/0470222794/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0470222794&linkCode=as2&tag=tra0c7-20&linkId=122da9b4ed66d7e4eb80287e1bee5b2a
Investment banking has also been criticized for its opacity.
Conflicts of interest may arise between different parts of a bank, creating the potential for market manipulation, according to critics. Authorities that regulate investment banking (the FSA in the United Kingdom and the SEC in the United States) require that banks impose a "Chinese wall" to prevent commu...

In this webinar, KyleDunn (CEO of Meyler Capital) speaks about how the industry is paralyzed by traditional marketing and how to steer clear from it. When we should really be marketing in a variety of different boxes (i.e. infrastructure, language, building relationships), people are using conservatism as an excuse to not market effectively.

published: 23 Oct 2014

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (201

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital.

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital apprec...

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

To Catch A Trader

S.A.C. Capital Advisors, L.P., (often written as "SAC" but with each letter pronounced separately) was, as of mid-2013, a group of hedge funds founded by Steven...

S.A.C. Capital Advisors, L.P., (often written as "SAC" but with each letter pronounced separately) was, as of mid-2013, a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 people in 2010 across its offices located in Stamford, Connecticut, New York City and various international satellite offices but has reportedly lost many of its traders in the wake of various investigations by the SEC. In 2010, the SEC opened an insider trading investigation of SAC and in 2013 several former employees were indicted by the U.S.Department of Justice. In November 2013, the firm itself pled guilty to insider trading charges and paid $1.2 billion in penalties, although no formal charges have been filed against Mr. Cohen himself. As of early 2014, the firm has shrunk after returning the vast majority of its outside (i.e. not controlled by Steven Cohen personally) investor capital. The limited partnership. SAC Capital Advisors L.P., may close completely, although Steven Cohen will reportedly retain much of the infrastructure in order to manage his vast personal wealth.

S.A.C. Capital Advisors, L.P., (often written as "SAC" but with each letter pronounced separately) was, as of mid-2013, a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 people in 2010 across its offices located in Stamford, Connecticut, New York City and various international satellite offices but has reportedly lost many of its traders in the wake of various investigations by the SEC. In 2010, the SEC opened an insider trading investigation of SAC and in 2013 several former employees were indicted by the U.S.Department of Justice. In November 2013, the firm itself pled guilty to insider trading charges and paid $1.2 billion in penalties, although no formal charges have been filed against Mr. Cohen himself. As of early 2014, the firm has shrunk after returning the vast majority of its outside (i.e. not controlled by Steven Cohen personally) investor capital. The limited partnership. SAC Capital Advisors L.P., may close completely, although Steven Cohen will reportedly retain much of the infrastructure in order to manage his vast personal wealth.

published:30 Mar 2014

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The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge...

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified...

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.facebook.com/profile.php?id=100015013749124
https://www.facebook.com/seanironstag?fref=ufi&rc=p&pnref=story
http://aurynfunds.com/
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any. Reach out via email: Tone@protonmail.ch
Credits:
SpecialThanks to @BoobsNBitcoin https://twitter.com/boobsnbitcoins for help with some of the research, @PirateBeachBum https://twitter.com/piratebeachbum for help with the graphics and @coryhughes2010 https://twitter.com/coryhughes2010 with the interview video editing.

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
Donations: 1GEN2veX3gncFV6W6m1S8zf5US1QMZxRkM
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
ReferenceLinks:
https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#57c90bb416a7
https://www.facebook.com/profile.php?id=100015013749124
https://www.facebook.com/seanironstag?fref=ufi&rc=p&pnref=story
http://aurynfunds.com/
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any. Reach out via email: Tone@protonmail.ch
Credits:
SpecialThanks to @BoobsNBitcoin https://twitter.com/boobsnbitcoins for help with some of the research, @PirateBeachBum https://twitter.com/piratebeachbum for help with the graphics and @coryhughes2010 https://twitter.com/coryhughes2010 with the interview video editing.

A speech and Q&A with billionaire hedge fund (Third Point) founder, Daniel S. Loeb. In this speech Daniel talks about his early interests i business and investing before moving on to questions from the audience. The question mostly relate to finance and range from inflation to philosophy of investing. 📚 Daniel Loeb’s favourite books are located at the bottom of the description❗
Like if you enjoyed
Subscribe for more:http://bit.ly/InvestorsArchive
Follow us on twitter:http://bit.ly/TwitterIA
VideoSegments:
0:00 Introduction
1:13 Start of Daniel Loeb
2:06 Obsessed with stories
5:07 Approach to investing/ running a business
12:58 Early interest in investing/ Starting Third Point
17:41 Financial crash
24:26 Turning point of the crash
28:35 Start of Q&A
28:43 Is the current market rally sustainable?
30:17 Thoughts on inflation risk?
31:20 Opinion on Goldman Sachs?
32:07 Farmers will be the richest in the future?
34:37 Will the hedge fund fee structure evolve?
37:08 Motivation for letters to shareholders/ explanation of activist investing?
40:30 Favourite place to surf?
40:55 Taking cues from the market?
43:10 Transition of Citigroup to starting your own company?
45:58 Objective v Subjective investing in risk arbitrage, how does that relate to paintings?
49:09 Favourite investing books?
50:20 Do you foresee a consolidation of smaller hedge fund?
52:06 Do you invest your own money, do you see more regulation?
53:53 What's your motivation and the most difficult part of running Third Point?
55:40 Philosophy as a Jew?
1:00:36 How long to take to analyse a security?
1:01:59 Employees and investors?
1:02:31 Benefitting from inflation?
1:04:22 Going from philosophy to finance?
1:06:33 Letter about clearing derivatives?
1:07:54 Outlook on how stakeholder are being treated?
1:13:40 Motivation to give back?
1:17:20 Will the US dollar be replaced?
1:18:26 Philosophy of detecting and rewarding to performers?
1:20:20 If you were in our shoes, how would you get ahead?
Daniel Loebs Favourite Books🔥
The Art of Short Selling:http://bit.ly/ArtOfShortSelling
Financial Shenanigans:http://bit.ly/FinancialShenanigans
The Power of Story:http://bit.ly/PowerOfStoryDL
Reminiscences of a Stock Operator:http://bit.ly/ReminiscencesYou Can Be A Stock MarketGenius:http://bit.ly/StockMarketGenius
InterviewDate: June 10th, 2009
Event: Birthright IsraelAlumniCommunityWall StreetSeriesOriginalImageSource:http://bit.ly/DLoebPic
Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.
For more check out the channel.
Remember to subscribe, share, comment and like!
No advertising.

A speech and Q&A with billionaire hedge fund (Third Point) founder, Daniel S. Loeb. In this speech Daniel talks about his early interests i business and investing before moving on to questions from the audience. The question mostly relate to finance and range from inflation to philosophy of investing. 📚 Daniel Loeb’s favourite books are located at the bottom of the description❗
Like if you enjoyed
Subscribe for more:http://bit.ly/InvestorsArchive
Follow us on twitter:http://bit.ly/TwitterIA
VideoSegments:
0:00 Introduction
1:13 Start of Daniel Loeb
2:06 Obsessed with stories
5:07 Approach to investing/ running a business
12:58 Early interest in investing/ Starting Third Point
17:41 Financial crash
24:26 Turning point of the crash
28:35 Start of Q&A
28:43 Is the current market rally sustainable?
30:17 Thoughts on inflation risk?
31:20 Opinion on Goldman Sachs?
32:07 Farmers will be the richest in the future?
34:37 Will the hedge fund fee structure evolve?
37:08 Motivation for letters to shareholders/ explanation of activist investing?
40:30 Favourite place to surf?
40:55 Taking cues from the market?
43:10 Transition of Citigroup to starting your own company?
45:58 Objective v Subjective investing in risk arbitrage, how does that relate to paintings?
49:09 Favourite investing books?
50:20 Do you foresee a consolidation of smaller hedge fund?
52:06 Do you invest your own money, do you see more regulation?
53:53 What's your motivation and the most difficult part of running Third Point?
55:40 Philosophy as a Jew?
1:00:36 How long to take to analyse a security?
1:01:59 Employees and investors?
1:02:31 Benefitting from inflation?
1:04:22 Going from philosophy to finance?
1:06:33 Letter about clearing derivatives?
1:07:54 Outlook on how stakeholder are being treated?
1:13:40 Motivation to give back?
1:17:20 Will the US dollar be replaced?
1:18:26 Philosophy of detecting and rewarding to performers?
1:20:20 If you were in our shoes, how would you get ahead?
Daniel Loebs Favourite Books🔥
The Art of Short Selling:http://bit.ly/ArtOfShortSelling
Financial Shenanigans:http://bit.ly/FinancialShenanigans
The Power of Story:http://bit.ly/PowerOfStoryDL
Reminiscences of a Stock Operator:http://bit.ly/ReminiscencesYou Can Be A Stock MarketGenius:http://bit.ly/StockMarketGenius
InterviewDate: June 10th, 2009
Event: Birthright IsraelAlumniCommunityWall StreetSeriesOriginalImageSource:http://bit.ly/DLoebPic
Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.
For more check out the channel.
Remember to subscribe, share, comment and like!
No advertising.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
MatthiasKnab meets Jack Schwager who unveils his fourth Market Wizards book: "Hedge Fund Market Wizards" with fascinating insights into 15 hedge fund traders who consistently outperform the markets -- all in their own words! While they all approach their field in radically different ways, each of them has brought new and unique insights and developed distinct strategies that have allowed them to repeatedly outperform the markets.
The book features:
* "MacroMen": Colm O'Shea, Ray Dalio, Larry Benedict, Scott Ramsey, Jaffray Woodriff
* Multistrategy Players: Edward Thorp, Jamie Mai, Michael Platt
* EquityTraders: Steve Clark, Martin Taylor, Tom Claugus, Joe Vidich, Kevin Daly, Jimmy Balodimas, Joel Greenblatt
* 40 essential lessons to be learned from the market luminaries
This Opalesque.TV BACKSTAGE interview further highlights:
* The difference between Schwager's four Market Wizards books
* Markets have changed, but the typology of successful traders not
* The genius of Michael Platt (Bluecrest) and Ed Thorp
* Three of the 40 MarketWizardLessons - For Traders: 1. Find your own style 2. Be flexible 3. For Investors: Volatility and risk are not synonymous
* Ray Dalio's Bridgewater: How to consistently achieve outsized, uncorrelated returns
* Jimmy Balodimas: The most unconventional of the successful traders
* Joel Greenblatt: Why value investing still works
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co--portfolio manager for the ADMInvestor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.
For more details on the Hedge Fund Market Wizards book see the publisher's press release here: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-release_text.html

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
MatthiasKnab meets Jack Schwager who unveils his fourth Market Wizards book: "Hedge Fund Market Wizards" with fascinating insights into 15 hedge fund traders who consistently outperform the markets -- all in their own words! While they all approach their field in radically different ways, each of them has brought new and unique insights and developed distinct strategies that have allowed them to repeatedly outperform the markets.
The book features:
* "MacroMen": Colm O'Shea, Ray Dalio, Larry Benedict, Scott Ramsey, Jaffray Woodriff
* Multistrategy Players: Edward Thorp, Jamie Mai, Michael Platt
* EquityTraders: Steve Clark, Martin Taylor, Tom Claugus, Joe Vidich, Kevin Daly, Jimmy Balodimas, Joel Greenblatt
* 40 essential lessons to be learned from the market luminaries
This Opalesque.TV BACKSTAGE interview further highlights:
* The difference between Schwager's four Market Wizards books
* Markets have changed, but the typology of successful traders not
* The genius of Michael Platt (Bluecrest) and Ed Thorp
* Three of the 40 MarketWizardLessons - For Traders: 1. Find your own style 2. Be flexible 3. For Investors: Volatility and risk are not synonymous
* Ray Dalio's Bridgewater: How to consistently achieve outsized, uncorrelated returns
* Jimmy Balodimas: The most unconventional of the successful traders
* Joel Greenblatt: Why value investing still works
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co--portfolio manager for the ADMInvestor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.
For more details on the Hedge Fund Market Wizards book see the publisher's press release here: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-release_text.html

Carried interest or carry, in finance, specifically in alternative investments (i.e., private equity and hedge funds), is a share of the profits of an investmen...

Carried interest or carry, in finance, specifically in alternative investments (i.e., private equity and hedge funds), is a share of the profits of an investment or investment fund that is paid to the investment manager in excess of the amount that the manager contributes to the partnership.
In private equity, in order to receive carried interest, the manager must first return all capital contributed by the investors, and, in certain cases, the fund must also return a previously agreed-upon rate of return (the "hurdle rate" or "preferred return") to investors.[1] Private equity funds only distribute carried interest to the manager upon successfully exiting an investment, which may take years. The customary hurdle rate in private equity is 7--8% per annum.
In a hedge fund environment, carried interest is usually referred to as a "performance fee". Hedge funds, because they invest in liquid investments, often are able to pay carried interest annually, if the fund has generated a profit for its investors.
The manager's carried-interest allocation will vary depending upon the type of investment fund and the demand for the fund from investors. In private equity, the standard carried-interest allocation historically has been 20% for funds making buyout and venture investments.[2] Carried-interest rates -- performance fees -- among hedge funds have historically also centered around 20%, but have had greater variability than those of private equity funds, in extreme cases reaching as high as 50% of a fund's profits, although usually it is between 15% and 20%.
http://en.wikipedia.org/wiki/Carried_interest
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died.[1] In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the beneficiaries of the estate. However, this distinction is not always respected in the language of tax laws. For example, the "inheritance tax" in the United Kingdom is a tax on the assets of the deceased, and is therefore, strictly speaking, an estate tax.
In some jurisdictions the term used is death duty. For historical reasons that term is used colloquially (though not legally) in the United Kingdom and some Commonwealth nations.
http://en.wikipedia.org/wiki/Estate_tax
A capital gain is a profit that results from a disposition of a capital asset, such as stock, bond or real estate, where the amount realized on the disposition exceeds the purchase price. The gain is the difference between a higher selling price and a lower purchase price.[1] Conversely, a capital loss arises if the proceeds from the sale of a capital asset are less than the purchase price.
Capital gains may refer to "investment income" that arises in relation to real assets, such as property; financial assets, such as shares/stocks or bonds; and intangible assets such as goodwill.
http://en.wikipedia.org/wiki/Capital_gains
Hedge funds are private, actively managed investment funds.[1] They invest in a diverse range of markets, investment instruments, and strategies[1][2][3] and are subject to the regulatory restrictions of their country. U.S. regulations limit hedge fund participation to certain classes of accredited investors.
http://en.wikipedia.org/wiki/Hedge_fund

Carried interest or carry, in finance, specifically in alternative investments (i.e., private equity and hedge funds), is a share of the profits of an investment or investment fund that is paid to the investment manager in excess of the amount that the manager contributes to the partnership.
In private equity, in order to receive carried interest, the manager must first return all capital contributed by the investors, and, in certain cases, the fund must also return a previously agreed-upon rate of return (the "hurdle rate" or "preferred return") to investors.[1] Private equity funds only distribute carried interest to the manager upon successfully exiting an investment, which may take years. The customary hurdle rate in private equity is 7--8% per annum.
In a hedge fund environment, carried interest is usually referred to as a "performance fee". Hedge funds, because they invest in liquid investments, often are able to pay carried interest annually, if the fund has generated a profit for its investors.
The manager's carried-interest allocation will vary depending upon the type of investment fund and the demand for the fund from investors. In private equity, the standard carried-interest allocation historically has been 20% for funds making buyout and venture investments.[2] Carried-interest rates -- performance fees -- among hedge funds have historically also centered around 20%, but have had greater variability than those of private equity funds, in extreme cases reaching as high as 50% of a fund's profits, although usually it is between 15% and 20%.
http://en.wikipedia.org/wiki/Carried_interest
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died.[1] In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the beneficiaries of the estate. However, this distinction is not always respected in the language of tax laws. For example, the "inheritance tax" in the United Kingdom is a tax on the assets of the deceased, and is therefore, strictly speaking, an estate tax.
In some jurisdictions the term used is death duty. For historical reasons that term is used colloquially (though not legally) in the United Kingdom and some Commonwealth nations.
http://en.wikipedia.org/wiki/Estate_tax
A capital gain is a profit that results from a disposition of a capital asset, such as stock, bond or real estate, where the amount realized on the disposition exceeds the purchase price. The gain is the difference between a higher selling price and a lower purchase price.[1] Conversely, a capital loss arises if the proceeds from the sale of a capital asset are less than the purchase price.
Capital gains may refer to "investment income" that arises in relation to real assets, such as property; financial assets, such as shares/stocks or bonds; and intangible assets such as goodwill.
http://en.wikipedia.org/wiki/Capital_gains
Hedge funds are private, actively managed investment funds.[1] They invest in a diverse range of markets, investment instruments, and strategies[1][2][3] and are subject to the regulatory restrictions of their country. U.S. regulations limit hedge fund participation to certain classes of accredited investors.
http://en.wikipedia.org/wiki/Hedge_fund

published:01 Jun 2013

views:5376

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Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital .
Ful...

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital .
Full Documentary, Documentary,documentary films,documentary history channel,documentary 2014,documentary history,documentary on serial killers, .
welcome like and subscribe to my channel for more vidéo ! A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests .

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital .
Full Documentary, Documentary,documentary films,documentary history channel,documentary 2014,documentary history,documentary on serial killers, .
welcome like and subscribe to my channel for more vidéo ! A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests .

The Evolution of Hedge Funds and the Future of Asset Management

With almost $3 trillion in assets -- and the freedom to invest opportunistically worldwide -- hedge funds have become one of the most important market-moving fo...

With almost $3 trillion in assets -- and the freedom to invest opportunistically worldwide -- hedge funds have become one of the most important market-moving forces of the last few decades. This panel brings together leading founders of hedge funds and asset managers for a conversation about the evolution of the industry. Some of the questions that will be addressed: With more hedge funds than ever before, how can a manager generate meaningful returns? Are fee structures likely to change significantly with increasing pressure from institutional clients? In this highly personality-driven business, how does the role of a founder change as a fund grows -- and can a fund succeed the person who created it?
ModeratorIlana D. Weinstein, Founder and CEO, The IDWGroupLLC
Speakers
Cliff Asness, Co-Founder, Managing Principal and Chief Investment Officer, AQR Capital ManagementNeil Chriss, Founder and Chief Investment Officer, Hutchin HillCapitalSteven Cohen, Chairman and CEO, Point72 Asset Management; Co-Chair and Co-Founder, Steven & Alexandra CohenFoundation

With almost $3 trillion in assets -- and the freedom to invest opportunistically worldwide -- hedge funds have become one of the most important market-moving forces of the last few decades. This panel brings together leading founders of hedge funds and asset managers for a conversation about the evolution of the industry. Some of the questions that will be addressed: With more hedge funds than ever before, how can a manager generate meaningful returns? Are fee structures likely to change significantly with increasing pressure from institutional clients? In this highly personality-driven business, how does the role of a founder change as a fund grows -- and can a fund succeed the person who created it?
ModeratorIlana D. Weinstein, Founder and CEO, The IDWGroupLLC
Speakers
Cliff Asness, Co-Founder, Managing Principal and Chief Investment Officer, AQR Capital ManagementNeil Chriss, Founder and Chief Investment Officer, Hutchin HillCapitalSteven Cohen, Chairman and CEO, Point72 Asset Management; Co-Chair and Co-Founder, Steven & Alexandra CohenFoundation

Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, talks to Steve Forbes about his vision for hedge funds, the increasing power of activist investors, and why he got fired from Goldman Sachs.
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Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, talks to Steve Forbes about his vision for hedge funds, the increasing power of activist investors, and why he got fired from Goldman Sachs.
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
StayConnected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbesvideo
Forbes Video on Instagram: http://instagram.com/forbesvideo
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

published:24 Oct 2014

views:26859

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Chronic difficulty and failure raising assets: Why 89% of all hedge funds never get over $100m

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
Bryan Johnson has worked for 27 years in the alternative investment business, first as a portfolio...

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
Bryan Johnson has worked for 27 years in the alternative investment business, first as a portfolio manager for two family offices, then as founder of a family office consultancy where he worked with about 63 families investing $3 billion in private equity and hedge funds .
Since 2010 he helped over 300 smaller fund managers with the holistic challenge of formulating and implementing appropriate marketing processes. With 9 out of 10 managers failing to grow over a $100m assets, smaller managers face an existential marketing challenge. The average asset size of funds liquidated in 4Q14 was $76m one year prior to closing.
Johnson believes that the primary reason why most managers do not get over the hundred million hurdle is not because of poor performance, but because of poor marketing. And the problem behind that is that most managers do not have a structured, disciplined and focused marketing process to articulate not only their investment processes, skills and ability to generate sustainable ALPHA but enterprise-wide processes, operational strength and execution blueprint to the right investors. Managers should honestly reflect about their outreach procedures and aim to avoid the “unstructured, ad-hoc and inappropriate” marketing behavior that unfortunately seems to have become the norm and leads to chronic difficulty and failure raising assets.
Most founders also tend to underestimate “the length of the runway”, i.e. the temporal expansion of the allocation process, particularly since the credit crisis. Gaining the attention of the right investors is a huge challenge, while at the same time investor due diligence has grown exponentially, leaving many managers overwhelmed to the extend that Johnson actually talks out 25% of them from starting a fund business. Not everyone is ready for Johnson’s tough coaching, and many founders waste two years before they realize they don’t do a good job in building their business. However, the small minority of funds that adopts the right marketing process early on have demonstrated they are able to raise four times more money than the top performing funds.
In this Opalesque.TV BACKSTAGE video, Johnson also speaks about:
- How to save 90% of marketing costs
- Three principal mistakes that can lead to a fund’s early death plus three critical areas managers should focus to develop their business
- Quantifying the U.S. family office and high net-worth investor landscape: Over U.S. 55,000 individuals and families (net worth of $50m+) managers fail to identify and engage with
- Where high net-worth and family offices really look for managers
- How family offices select their investments: The two top line considerations of family offices
- How does an investor-centric marketing process look like? The 2-2-1 Strategy
- 40 BPs versus 70 BPs: Most managers don’t know their costs of raising assets from private wealth versus institutions and generally underestimate what’s involved to get allocations
- How many meetings are required to get three to five allocations?
- Why performance is not a retention strategy
- When should a fund manager hire a dedicated marketer?
- Are third party marketers an option for smaller managers?
- “Spray and pray”: Will posting returns to a commercial database attract investors?
- How managers can avoid the FIFO allocation (first in, first out)
- How to identify service partners: smaller managers need service partners, not service providers.
Bryan Johnson is the founder of Johnson & Company, a marketing consultancy for sub-institutional hedge funds and alternative asset managers. Before that he worked as a portfolio manager inside of two family offices. He also founded and ran for 12 years a family office consultancy where he worked with about 63 families and about $3 billion in private equity and hedge funds.
Johnson initially came to Texas as chief expert witness and lead consultant for The AttorneyGeneral of Texas and The State of Texas in the evaluation of hedge funds and private equity firms in the acquisition of the assets of Texas Genco in the multi-billion dollar true-up of Centerpoint Energy (CNP:NYSE). He then became global head of the alternative investment group at Moody’s where he was involved with the deployment and global distribution of an operational risk product to large hedge funds like SAC, King Street, Millennium, Fortress, Marshall Wace, Brevan Howard.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
Bryan Johnson has worked for 27 years in the alternative investment business, first as a portfolio manager for two family offices, then as founder of a family office consultancy where he worked with about 63 families investing $3 billion in private equity and hedge funds .
Since 2010 he helped over 300 smaller fund managers with the holistic challenge of formulating and implementing appropriate marketing processes. With 9 out of 10 managers failing to grow over a $100m assets, smaller managers face an existential marketing challenge. The average asset size of funds liquidated in 4Q14 was $76m one year prior to closing.
Johnson believes that the primary reason why most managers do not get over the hundred million hurdle is not because of poor performance, but because of poor marketing. And the problem behind that is that most managers do not have a structured, disciplined and focused marketing process to articulate not only their investment processes, skills and ability to generate sustainable ALPHA but enterprise-wide processes, operational strength and execution blueprint to the right investors. Managers should honestly reflect about their outreach procedures and aim to avoid the “unstructured, ad-hoc and inappropriate” marketing behavior that unfortunately seems to have become the norm and leads to chronic difficulty and failure raising assets.
Most founders also tend to underestimate “the length of the runway”, i.e. the temporal expansion of the allocation process, particularly since the credit crisis. Gaining the attention of the right investors is a huge challenge, while at the same time investor due diligence has grown exponentially, leaving many managers overwhelmed to the extend that Johnson actually talks out 25% of them from starting a fund business. Not everyone is ready for Johnson’s tough coaching, and many founders waste two years before they realize they don’t do a good job in building their business. However, the small minority of funds that adopts the right marketing process early on have demonstrated they are able to raise four times more money than the top performing funds.
In this Opalesque.TV BACKSTAGE video, Johnson also speaks about:
- How to save 90% of marketing costs
- Three principal mistakes that can lead to a fund’s early death plus three critical areas managers should focus to develop their business
- Quantifying the U.S. family office and high net-worth investor landscape: Over U.S. 55,000 individuals and families (net worth of $50m+) managers fail to identify and engage with
- Where high net-worth and family offices really look for managers
- How family offices select their investments: The two top line considerations of family offices
- How does an investor-centric marketing process look like? The 2-2-1 Strategy
- 40 BPs versus 70 BPs: Most managers don’t know their costs of raising assets from private wealth versus institutions and generally underestimate what’s involved to get allocations
- How many meetings are required to get three to five allocations?
- Why performance is not a retention strategy
- When should a fund manager hire a dedicated marketer?
- Are third party marketers an option for smaller managers?
- “Spray and pray”: Will posting returns to a commercial database attract investors?
- How managers can avoid the FIFO allocation (first in, first out)
- How to identify service partners: smaller managers need service partners, not service providers.
Bryan Johnson is the founder of Johnson & Company, a marketing consultancy for sub-institutional hedge funds and alternative asset managers. Before that he worked as a portfolio manager inside of two family offices. He also founded and ran for 12 years a family office consultancy where he worked with about 63 families and about $3 billion in private equity and hedge funds.
Johnson initially came to Texas as chief expert witness and lead consultant for The AttorneyGeneral of Texas and The State of Texas in the evaluation of hedge funds and private equity firms in the acquisition of the assets of Texas Genco in the multi-billion dollar true-up of Centerpoint Energy (CNP:NYSE). He then became global head of the alternative investment group at Moody’s where he was involved with the deployment and global distribution of an operational risk product to large hedge funds like SAC, King Street, Millennium, Fortress, Marshall Wace, Brevan Howard.

The investment banking industry has come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-...

The investment banking industry has come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-like or oligopolic behavior, taking both sides in transactions, and more. About the book: https://www.amazon.com/gp/product/0470222794/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0470222794&linkCode=as2&tag=tra0c7-20&linkId=122da9b4ed66d7e4eb80287e1bee5b2a
Investment banking has also been criticized for its opacity.
Conflicts of interest may arise between different parts of a bank, creating the potential for market manipulation, according to critics. Authorities that regulate investment banking (the FSA in the United Kingdom and the SEC in the United States) require that banks impose a "Chinese wall" to prevent communication between investment banking on one side and equity research and trading on the other. Critics say such a barrier does not always exist in practice, however.
Conflicts of interest often arise in relation to investment banks' equity research units, which have long been part of the industry. A common practice is for equity analysts to initiate coverage of a company in order to develop relationships that lead to highly profitable investment banking business. In the1990s, many equity researchers allegedly traded positive stock ratings for investment banking business. Alternatively, companies may threaten to divert investment banking business to competitors unless their stock was rated favorably. Laws were passed to criminalize such acts, and increased pressure from regulators and a series of lawsuits, settlements, and prosecutions curbed this business to a large extent following the 2001 stock market tumble after the dot-com bubble.
Philip Augar, author of The Greed Merchants, said in an interview that, "You cannot simultaneously serve the interest of issuer clients and investing clients. And it's not just underwriting and sales; investment banks run proprietary trading operations that are also making a profit out of these securities."[30]
Many investment banks also own retail brokerages. During the 1990s, some retail brokerages sold consumers securities which did not meet their stated risk profile. This behavior may have led to investment banking business or even sales of surplus shares during a public offering to keep public perception of the stock favorable.
Since investment banks engage heavily in trading for their own account, there is always the temptation for them to engage in some form of front running -- the illegal practice whereby a broker executes orders for their own account before filling orders previously submitted by their customers, there benefiting from any changes in prices induced by those orders.
Documents under seal in a decade-long lawsuit concerning eToys.com's IPO but obtained by New York Times' Wall StreetBusiness columnist Joe Nocera alleged that IPOs managed by Goldman Sachs and other investment bankers involved asking for kickbacks from their institutional clients who made large profits flipping IPOs which Goldman had intentionally undervalued. Depositions in the lawsuit alleged that clients willingly complied with these demands because they understood it was necessary in order to participate in future hot issues.[32] Reuters Wall Street correspondent Felix Salmon retracted his earlier, more conciliatory, statements on the subject and said he believed that the depositions show that companies going public and their initial consumer stockholders are both defrauded by this practice, which may be widespread throughout the IPO finance industry.[33] The case is ongoing, and the allegations remain unproven.
Investment banking is often criticized for the enormous pay packages awarded to those who work in the industry. According to Bloomberg Wall Street's five biggest firms paid over $3 billion to their executives from 2003 to 2008, "while they presided over the packaging and sale of loans that helped bring down the investment-banking system." [34]
The highly generous pay packages include $172 million for Merrill Lynch & Co.CEOStanley O'Neal from 2003 to 2007, before it was bought by Bank of America in 2008, and $161 million for Bear Stearns Co.'s James Cayne before the bank collapsed and was sold to JPMorgan Chase & Co. in June 2008.[34]
Such pay arrangements have attracted the ire of Democrats and Republicans in Congress, who demanded limits on executive pay in 2008 when the U.S. government was bailing out the industry with a $700 billion financial rescue package.[34]
Writing in the GlobalAssociation of Risk Professionals, Aaron Brown, a vice president at Morgan Stanley, says "By any standard of human fairness, of course, investment bankers make obscene amounts of money."
http://en.wikipedia.org/wiki/Investment_bank

The investment banking industry has come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-like or oligopolic behavior, taking both sides in transactions, and more. About the book: https://www.amazon.com/gp/product/0470222794/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0470222794&linkCode=as2&tag=tra0c7-20&linkId=122da9b4ed66d7e4eb80287e1bee5b2a
Investment banking has also been criticized for its opacity.
Conflicts of interest may arise between different parts of a bank, creating the potential for market manipulation, according to critics. Authorities that regulate investment banking (the FSA in the United Kingdom and the SEC in the United States) require that banks impose a "Chinese wall" to prevent communication between investment banking on one side and equity research and trading on the other. Critics say such a barrier does not always exist in practice, however.
Conflicts of interest often arise in relation to investment banks' equity research units, which have long been part of the industry. A common practice is for equity analysts to initiate coverage of a company in order to develop relationships that lead to highly profitable investment banking business. In the1990s, many equity researchers allegedly traded positive stock ratings for investment banking business. Alternatively, companies may threaten to divert investment banking business to competitors unless their stock was rated favorably. Laws were passed to criminalize such acts, and increased pressure from regulators and a series of lawsuits, settlements, and prosecutions curbed this business to a large extent following the 2001 stock market tumble after the dot-com bubble.
Philip Augar, author of The Greed Merchants, said in an interview that, "You cannot simultaneously serve the interest of issuer clients and investing clients. And it's not just underwriting and sales; investment banks run proprietary trading operations that are also making a profit out of these securities."[30]
Many investment banks also own retail brokerages. During the 1990s, some retail brokerages sold consumers securities which did not meet their stated risk profile. This behavior may have led to investment banking business or even sales of surplus shares during a public offering to keep public perception of the stock favorable.
Since investment banks engage heavily in trading for their own account, there is always the temptation for them to engage in some form of front running -- the illegal practice whereby a broker executes orders for their own account before filling orders previously submitted by their customers, there benefiting from any changes in prices induced by those orders.
Documents under seal in a decade-long lawsuit concerning eToys.com's IPO but obtained by New York Times' Wall StreetBusiness columnist Joe Nocera alleged that IPOs managed by Goldman Sachs and other investment bankers involved asking for kickbacks from their institutional clients who made large profits flipping IPOs which Goldman had intentionally undervalued. Depositions in the lawsuit alleged that clients willingly complied with these demands because they understood it was necessary in order to participate in future hot issues.[32] Reuters Wall Street correspondent Felix Salmon retracted his earlier, more conciliatory, statements on the subject and said he believed that the depositions show that companies going public and their initial consumer stockholders are both defrauded by this practice, which may be widespread throughout the IPO finance industry.[33] The case is ongoing, and the allegations remain unproven.
Investment banking is often criticized for the enormous pay packages awarded to those who work in the industry. According to Bloomberg Wall Street's five biggest firms paid over $3 billion to their executives from 2003 to 2008, "while they presided over the packaging and sale of loans that helped bring down the investment-banking system." [34]
The highly generous pay packages include $172 million for Merrill Lynch & Co.CEOStanley O'Neal from 2003 to 2007, before it was bought by Bank of America in 2008, and $161 million for Bear Stearns Co.'s James Cayne before the bank collapsed and was sold to JPMorgan Chase & Co. in June 2008.[34]
Such pay arrangements have attracted the ire of Democrats and Republicans in Congress, who demanded limits on executive pay in 2008 when the U.S. government was bailing out the industry with a $700 billion financial rescue package.[34]
Writing in the GlobalAssociation of Risk Professionals, Aaron Brown, a vice president at Morgan Stanley, says "By any standard of human fairness, of course, investment bankers make obscene amounts of money."
http://en.wikipedia.org/wiki/Investment_bank

In this webinar, KyleDunn (CEO of Meyler Capital) speaks about how the industry is paralyzed by traditional marketing and how to steer clear from it. When we s...

In this webinar, KyleDunn (CEO of Meyler Capital) speaks about how the industry is paralyzed by traditional marketing and how to steer clear from it. When we should really be marketing in a variety of different boxes (i.e. infrastructure, language, building relationships), people are using conservatism as an excuse to not market effectively.

In this webinar, KyleDunn (CEO of Meyler Capital) speaks about how the industry is paralyzed by traditional marketing and how to steer clear from it. When we should really be marketing in a variety of different boxes (i.e. infrastructure, language, building relationships), people are using conservatism as an excuse to not market effectively.

published:23 Oct 2014

views:1175

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How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (201

How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

How Much Money Does a Hedge Fund Startup Need?

June 1 -- Patrick McCurdy, head of capital introduction at Wells FargoPrime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “MarketMakers.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

43:23

Lifestyle of Top Hedge Fund Managers - Motivation

Lifestyle of Top Hedge Fund Managers - Motivation
Email me to get started winning in Fore...

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

How Hedge Fund Strategies Are Adapting for the Future

June 24 -- Troy Gayeski, partner and senior portfolio manager at SkyBridge Capital, discuss the changing nature of hedge fund strategies. He speaks on “BloombergSurveillance.”
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
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1:20:52

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a Crypto Hedge Fund...

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
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RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

They're called "vulture funds" and they make a killing off of places like Puerto Rico — sometimes literally.
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MatthiasKnab meets Jack Schwager who unveils his fourth Market Wizards book: "Hedge Fund Market Wizards" with fascinating insights into 15 hedge fund traders who consistently outperform the markets -- all in their own words! While they all approach their field in radically different ways, each of them has brought new and unique insights and developed distinct strategies that have allowed them to repeatedly outperform the markets.
The book features:
* "MacroMen": Colm O'Shea, Ray Dalio, Larry Benedict, Scott Ramsey, Jaffray Woodriff
* Multistrategy Players: Edward Thorp, Jamie Mai, Michael Platt
* EquityTraders: Steve Clark, Martin Taylor, Tom Claugus, Joe Vidich, Kevin Daly, Jimmy Balodimas, Joel Greenblatt
* 40 essential lessons to be learned from the market luminaries
This Opalesque.TV BACKSTAGE interview further highlights:
* The difference between Schwager's four Market Wizards books
* Markets have changed, but the typology of successful traders not
* The genius of Michael Platt (Bluecrest) and Ed Thorp
* Three of the 40 MarketWizardLessons - For Traders: 1. Find your own style 2. Be flexible 3. For Investors: Volatility and risk are not synonymous
* Ray Dalio's Bridgewater: How to consistently achieve outsized, uncorrelated returns
* Jimmy Balodimas: The most unconventional of the successful traders
* Joel Greenblatt: Why value investing still works
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co--portfolio manager for the ADMInvestor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.
For more details on the Hedge Fund Market Wizards book see the publisher's press release here: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-release_text.html

Setting up a simple long-short hedge (assuming the companies have similar beta or correlation with market). Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-fund-strategies-long-short-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-funds-venture-capital-and-private-equity?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: Hedge funds have absolutely nothing to do with shrubbery. Their name comes from the fact that early hedge funds (and some current ones) tried to "hedge" their exposure to the market (so they could, in theory, do well in an "up" or "down" market as long as they were good at picking the good companies). Today, hedge funds represent a huge class investment funds. They are far less regulated than, say, mutual funds. In exchange for this, they aren't allowed to market or take investments from "unsophisticated" investors. Some use their flexibility to mitigate risk, other use it to amplify it.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
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How to Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry (2013)

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital appreciation. About the book: https://www.amazon.com/gp/product/1118239245/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1118239245&linkCode=as2&tag=tra0c7-20&linkId=a9e6a9474bc3d710513e0c3e533661f5
Hedge funds tend to invest in a diverse range of markets, investment instruments, and strategies; today the term "hedge fund" refers more to the structure of the investment vehicle than the investment techniques. Though they are privately owned and operated, hedge funds are subject to the regulatory restrictions of their respective countries. U.S. regulations, for example, limit hedge fund participation to certain classes of investors and also limit the total number of investors allowed in the fund.
Hedge funds are often open-ended and allow additions or withdrawals by their investors. A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.
Most hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers typically invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee, which is a percentage of the assets of the fund, and a performance fee if the fund's net asset value increases during the year. Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of April 2012, the estimated size of the global hedge fund industry was US$2.13 trillion.
Because hedge funds are not sold to the general public or retail investors, the funds and their managers have historically been exempt from some of the regulation that governs other funds and investment managers with regard to how the fund may be structured and how strategies and techniques are employed. Regulations passed in the United States and Europe after the 2008 credit crisis were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.
During the US bull market of the 1920s, there were numerous private investment vehicles available to wealthy investors. Of that period, the best known today, is the Graham-Newman Partnership founded by Benjamin Graham and JerryNewman which was cited by Warren Buffett, in a 2006 letter to the Museum of American Finance, as an early hedge fund.
Financial journalistAlfred W. Jones is credited with coining the phrase "hedged fund" and is erroneously credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being "hedged", a term then commonly used on Wall Street, to describe the management of investment risk due to changes in the financial markets. In 1968 there were almost 200 hedge funds, and the first fund of funds that utilized hedge funds were created in 1969 in Geneva.
In the1970s, hedge funds specialized in a single strategy, and most fund managers followed the long/short equity model. Many hedge funds closed during the recession of 1969--70 and the 1973--1974 stock market crash due to heavy losses. They received renewed attention in the late 1980s. During the 1990s, the number of hedge funds increased significantly, funded with wealth created during the 1990s stock market rise.[9] The increased interest was due to the aligned-interest compensation structure (i.e. common financial interests) and the promise of above high returns. Over the next decade hedge fund strategies expanded to include: credit arbitrage, distressed debt, fixed income, quantitative, and multi-strategy. US institutional investors such as pension and endowment funds began allocating greater portions of their portfolios to hedge funds.
http://en.wikipedia.org/wiki/Hedge_fund

51:56

To Catch A Trader

S.A.C. Capital Advisors, L.P., (often written as "SAC" but with each letter pronounced sep...

To Catch A Trader

S.A.C. Capital Advisors, L.P., (often written as "SAC" but with each letter pronounced separately) was, as of mid-2013, a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 people in 2010 across its offices located in Stamford, Connecticut, New York City and various international satellite offices but has reportedly lost many of its traders in the wake of various investigations by the SEC. In 2010, the SEC opened an insider trading investigation of SAC and in 2013 several former employees were indicted by the U.S.Department of Justice. In November 2013, the firm itself pled guilty to insider trading charges and paid $1.2 billion in penalties, although no formal charges have been filed against Mr. Cohen himself. As of early 2014, the firm has shrunk after returning the vast majority of its outside (i.e. not controlled by Steven Cohen personally) investor capital. The limited partnership. SAC Capital Advisors L.P., may close completely, although Steven Cohen will reportedly retain much of the infrastructure in order to manage his vast personal wealth.

57:31

The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and phil...

The Dark Side of Hedge Funds: A Powerful New Class of Billionaire Financiers (2017)

Steven A. Cohen (Born June 11, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut.
He has an estimated net worth of US$13 billion as of February 2017 and is ranked by Forbes as the 72nd richest man in the world, 3rd highest earning hedge fund manager, and the 30th richest person in the United States.
After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978, where he eventually managed a $75 million portfolio and six traders.[15]
His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day.[16] Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[16]
In 1992, Cohen started S.A.C. Capital Advisors with $20 million of his own money. As of 2009, the firm managed $14 billion in equity.[18] Originally known as a rapid-fire trader who never held trading positions for extended periods of time, Cohen now holds an increasing number of equities for longer periods of time.[15][19]
On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.[20][21] The SEC brought charges against a number of other SAC employees from 2010 to 2013, with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.[22] Martoma sought to have his conviction overturned in 2015;[23] he was the eighth present or former SAC Capital employee found guilty on insider-trading charges.
Cohen was not directly named in the 2012 indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter".[20] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg. Steinberg was a senior employee and confidant of Cohen's.[24] The case against Steinberg was dropped in October 2015, weakening the SEC's case against Cohen. Cohen's civil case was settled in January 2016; the agreement prohibits Cohen from managing outside money until 2018.[24]
The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders. Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital,"[25] but Dr. SidneyGilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.[26] He was featured in a January 2017New Yorker article, titled "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".
Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana, Alberto Giacometti, Willem de Kooning, Jeff Koons, Edvard Munch, Pablo Picasso, and Andy Warhol.
In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Seth Klarman, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.
https://en.wikipedia.org/wiki/Steven_A._Cohen

Ray Dalio is worth 17 Billion, he runs one the largest and most successful Hedge Funds, Bridewater Associates with $150BN under management. He talks about how he did it and what principles he used to succeed in business and finance.

43:23

Lifestyle of Top Hedge Fund Managers - Motivation

Lifestyle of Top Hedge Fund Managers - Motivation
Email me to get started winning in Fore...

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
RBRCapital is one of Europe’s top long/short equity hedge funds and offers Cayman and UCITS hedge funds. The RBR EuropeanLongShort (LUX) net performance since 2003 stands at over 250%, the fund also takes the top spot in a Bloomberg ranking over the last five years with 16.2% annualized net return. RBR’s long book has outperformed MSCI Europe ex-UK by 20% p.a. while the short book outperformed by 4.2% p.a., adding strong market resilience in down markets. Despite the fund's long bias, beta has been range bound with just 0.5 historically versus MSCI Europe ex-UK.
This Opalesque.TV BACKSTAGE interview offers fascinating insights how today’s top hedge funds are run and how RBR went from a start-up to a top ranked hedge fund, mastering multiple market crises on the way.
CEO and CIO Rudolf Bohli points out that mental training, which is followed by him and his analysts, is working “exceptionally well” for the team and therefore forms part of their (now not any more…) “secret sauce”. The training, which the company applies since 2011, has significantly contributed to take the firm “to the next level”.
Bohli also talks about:
- RBR’s research process and special skills in stock selection and position sizing
- How RBR survived the 2008 and 2011 crises
- Risk Management: A different view on stop losses and intelligent tail risk protection against macro risks.
Rudolf Bohli is Chief Executive Officer and Chief Investment Officer of RBR Capital. He has over 17 years experience in investment management and research in equities and interest rate derivatives. Prior to founding RBR Capital, Rudolf was the Head of Research for BankBellevue, a leading boutique broker. Rudolf started out trading short term interest rate securities and derivatives at UBS Warburg. He has a degree in Electrical Engineering from ETH Zurich. RBR Capital is regulated by FINMA.

1:20:52

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a Crypto Hedge Fund...

CryptoScam #9 - Crypto Hedge Funds

In this 9th Episode of CryptoScam I take a look the ridiculous idea of a CryptoHedge Fund and explore some of the people trying to get money out of unqualified investors so they can lose it for them. This all started with an interview with AugustaSummers at the LA Blockcon even. Please watch this awesome episode of CryptoScam and leave your comments below.
NOTE: Sorry about the sound guys, but I did not have the time to normalize the sound between the three videos that got merged.
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ReferenceLinks:
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https://www.facebook.com/profile.php?id=100015013749124
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Credits:
SpecialThanks to @BoobsNBitcoin https://twitter.com/boobsnbitcoins for help with some of the research, @PirateBeachBum https://twitter.com/piratebeachbum for help with the graphics and @coryhughes2010 https://twitter.com/coryhughes2010 with the interview video editing.

22:38

Hedge to Hedge: Keith Talks to Lucerne Capital

Hedge to Hedge, a new series on HedgeyeTV where CEO Keith McCullough interviews a top hedg...

Billionaire Daniel Loeb: Hedge Funds and Investment Approach

A speech and Q&A with billionaire hedge fund (Third Point) founder, Daniel S. Loeb. In this speech Daniel talks about his early interests i business and investing before moving on to questions from the audience. The question mostly relate to finance and range from inflation to philosophy of investing. 📚 Daniel Loeb’s favourite books are located at the bottom of the description❗
Like if you enjoyed
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VideoSegments:
0:00 Introduction
1:13 Start of Daniel Loeb
2:06 Obsessed with stories
5:07 Approach to investing/ running a business
12:58 Early interest in investing/ Starting Third Point
17:41 Financial crash
24:26 Turning point of the crash
28:35 Start of Q&A
28:43 Is the current market rally sustainable?
30:17 Thoughts on inflation risk?
31:20 Opinion on Goldman Sachs?
32:07 Farmers will be the richest in the future?
34:37 Will the hedge fund fee structure evolve?
37:08 Motivation for letters to shareholders/ explanation of activist investing?
40:30 Favourite place to surf?
40:55 Taking cues from the market?
43:10 Transition of Citigroup to starting your own company?
45:58 Objective v Subjective investing in risk arbitrage, how does that relate to paintings?
49:09 Favourite investing books?
50:20 Do you foresee a consolidation of smaller hedge fund?
52:06 Do you invest your own money, do you see more regulation?
53:53 What's your motivation and the most difficult part of running Third Point?
55:40 Philosophy as a Jew?
1:00:36 How long to take to analyse a security?
1:01:59 Employees and investors?
1:02:31 Benefitting from inflation?
1:04:22 Going from philosophy to finance?
1:06:33 Letter about clearing derivatives?
1:07:54 Outlook on how stakeholder are being treated?
1:13:40 Motivation to give back?
1:17:20 Will the US dollar be replaced?
1:18:26 Philosophy of detecting and rewarding to performers?
1:20:20 If you were in our shoes, how would you get ahead?
Daniel Loebs Favourite Books🔥
The Art of Short Selling:http://bit.ly/ArtOfShortSelling
Financial Shenanigans:http://bit.ly/FinancialShenanigans
The Power of Story:http://bit.ly/PowerOfStoryDL
Reminiscences of a Stock Operator:http://bit.ly/ReminiscencesYou Can Be A Stock MarketGenius:http://bit.ly/StockMarketGenius
InterviewDate: June 10th, 2009
Event: Birthright IsraelAlumniCommunityWall StreetSeriesOriginalImageSource:http://bit.ly/DLoebPic
Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.
For more check out the channel.
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Subscribe to this channel: http://www.youtube.com/OpalesqueTV
MatthiasKnab meets Jack Schwager who unveils his fourth Market Wizards book: "Hedge Fund Market Wizards" with fascinating insights into 15 hedge fund traders who consistently outperform the markets -- all in their own words! While they all approach their field in radically different ways, each of them has brought new and unique insights and developed distinct strategies that have allowed them to repeatedly outperform the markets.
The book features:
* "MacroMen": Colm O'Shea, Ray Dalio, Larry Benedict, Scott Ramsey, Jaffray Woodriff
* Multistrategy Players: Edward Thorp, Jamie Mai, Michael Platt
* EquityTraders: Steve Clark, Martin Taylor, Tom Claugus, Joe Vidich, Kevin Daly, Jimmy Balodimas, Joel Greenblatt
* 40 essential lessons to be learned from the market luminaries
This Opalesque.TV BACKSTAGE interview further highlights:
* The difference between Schwager's four Market Wizards books
* Markets have changed, but the typology of successful traders not
* The genius of Michael Platt (Bluecrest) and Ed Thorp
* Three of the 40 MarketWizardLessons - For Traders: 1. Find your own style 2. Be flexible 3. For Investors: Volatility and risk are not synonymous
* Ray Dalio's Bridgewater: How to consistently achieve outsized, uncorrelated returns
* Jimmy Balodimas: The most unconventional of the successful traders
* Joel Greenblatt: Why value investing still works
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co--portfolio manager for the ADMInvestor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.
For more details on the Hedge Fund Market Wizards book see the publisher's press release here: http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-release_text.html

Carried interest or carry, in finance, specifically in alternative investments (i.e., private equity and hedge funds), is a share of the profits of an investment or investment fund that is paid to the investment manager in excess of the amount that the manager contributes to the partnership.
In private equity, in order to receive carried interest, the manager must first return all capital contributed by the investors, and, in certain cases, the fund must also return a previously agreed-upon rate of return (the "hurdle rate" or "preferred return") to investors.[1] Private equity funds only distribute carried interest to the manager upon successfully exiting an investment, which may take years. The customary hurdle rate in private equity is 7--8% per annum.
In a hedge fund environment, carried interest is usually referred to as a "performance fee". Hedge funds, because they invest in liquid investments, often are able to pay carried interest annually, if the fund has generated a profit for its investors.
The manager's carried-interest allocation will vary depending upon the type of investment fund and the demand for the fund from investors. In private equity, the standard carried-interest allocation historically has been 20% for funds making buyout and venture investments.[2] Carried-interest rates -- performance fees -- among hedge funds have historically also centered around 20%, but have had greater variability than those of private equity funds, in extreme cases reaching as high as 50% of a fund's profits, although usually it is between 15% and 20%.
http://en.wikipedia.org/wiki/Carried_interest
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died.[1] In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the beneficiaries of the estate. However, this distinction is not always respected in the language of tax laws. For example, the "inheritance tax" in the United Kingdom is a tax on the assets of the deceased, and is therefore, strictly speaking, an estate tax.
In some jurisdictions the term used is death duty. For historical reasons that term is used colloquially (though not legally) in the United Kingdom and some Commonwealth nations.
http://en.wikipedia.org/wiki/Estate_tax
A capital gain is a profit that results from a disposition of a capital asset, such as stock, bond or real estate, where the amount realized on the disposition exceeds the purchase price. The gain is the difference between a higher selling price and a lower purchase price.[1] Conversely, a capital loss arises if the proceeds from the sale of a capital asset are less than the purchase price.
Capital gains may refer to "investment income" that arises in relation to real assets, such as property; financial assets, such as shares/stocks or bonds; and intangible assets such as goodwill.
http://en.wikipedia.org/wiki/Capital_gains
Hedge funds are private, actively managed investment funds.[1] They invest in a diverse range of markets, investment instruments, and strategies[1][2][3] and are subject to the regulatory restrictions of their country. U.S. regulations limit hedge fund participation to certain classes of accredited investors.
http://en.wikipedia.org/wiki/Hedge_fund

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Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry

A hedge fund is a collective investment scheme, often structured as a limited partnership,...

Make Money Like Top Hedge Fund Managers: Secrets of America's Finance Industry

A hedge fund is a collective investment scheme, often structured as a limited partnership, that invests private capital speculatively to maximize capital .
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